Dear Traders!
I am an intermediate Trader and with my experience I see that there is a STRONG relation between Market Movement & (Volume + Open Interest) metrics. This is escpecially true with Futures & Options.
CAN ANYBODY SUGGEST IF THERE IS ANY RESOURCE TO FIND OUT BUY / SELL SIGNALS BASED ON VOLUME & OPEN INTEREST? If there is any formula to get Buy/Sell signals based on these 2 criteria viz volume & openinterest, that will be of great help to all traders.
Regards, Tamil